RE: Steemit Crypto Academy Contest / Season 8 Week 4 - Blockchain Oracles
I completely agree with your description of decentralized blockchain oracles as a potential tool to enhance security besides providing real-time access to the external world. They foster an environment of interoperability between the blockchains and the external world.
Oraclechain oracles have found diverse use cases in real life like data entry, healthcare, finance, weather forecast, polls, etc.
These oracles make use ose of different mechanisms like smart contracts, and multiple source data collection to enhance the security and reliability of data.
Besides the primary benefit like security and reliability, oracles also offer secondary gains like saving time and some field-specific advantages like accurate property valuation in real estate industry, quality enhancement in the healthcare industry, etc.
It is not only that decentralization oracles offer potential advantages, centralised oracles, inbound and outbound oracles also have their specialty. However, security issues remain with centralized oracle.
Good luck
Hello @drqamu,
Unfortunately, your whole comment is generated from ChatGPT. Please, stop doing this type of practices. I have already noticed some of your comments and they were also generated from the AI content generator.
There are some results that I have obtained from different GPT detectors.
Try be be creative and unique in your content. Even, the comments from AI content generators are not accepted at any cost. This type of engagement is not valid.
This is your first and last warning. Next time, you will have to face strict action from the team.
Cc:
@steemcurator01, @steemcurator02, @kouba01, @pelon53, @chiabertrand, @chant (sc08)
Yes you have said it all.
Thank you very much for your compliment
I really appreciate.